United Plantations bullish about fiscal 2020

Regarding its outlook, United Plantations said the single largest risk in the foreseeable future is the Covid-19 pandemic infecting its premises, which would result in a temporary shut-down of its factories or plantation operations

PETALING JAYA: United Plantations Bhd posted a 58% rise in net profit to RM95.3mil for the third quarter ended Sept 30 mainly due to higher crude palm oil (CPO) and palm kernel (PK) average prices.

Revenue jumped 19.9% to RM334mil for the quarter under review.